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Latest News

—Wells & Co.

Ridpath Hotel rehabilitation financing nears completion

Downtown revitalization project awaits city loan
June 19, 2014
Mike McLean
Ron Wells, the Spokane real estate developer who specializes in rehabilitating historic buildings, says investor groups are close to securing a complex financing package to convert the long-vacant Ridpath Hotel downtown into a vibrant residential and comm
Read More
—Mike McLean

Aerostar Aircraft takes long, slow journey to make fast jet

Hayden concern seeks $50 million for domestic manufacturing of aircraft
June 19, 2014
Mike McLean
Three decades after the last new Aerostar airplane was manufactured, the current owners of Aerostar Aircraft Corp. still are working to carry out the vision of the plane's designer-to produce with the same basic airframe small jets for business and pe
Read More
—Katie Ross

Aerospace industry searches for skilled workers

Labor gap looms as many workers near retirement
June 19, 2014
Katie Ross
As demand for aerospace products rises worldwide, the industry here and across the state is experiencing a shortage of skilled workers, and the gap could continue to widen, industry leaders here say. Mike Marzetta, president of Liberty Lake-based Altek
Read More
—Judith Sptizer

Beacon Hill deadlock loosens

City says road realignment approval likely forthcoming
June 19, 2014
Judith Spitzer
Long-time Spokane businessman and entrepreneur Pete Rayner says it's go time. After 26 years, Rayner says he is ready, willing, and able to start the real work of building his dream project at Beacon Hill, in East Spokane. And the City of Spokane agree
Read More

EWU names new president

Southern Oregon's Mary Cullinan to replace retiring Arevalo
June 16, 2014
Staff Report
Eastern Washington University announced this afternoon it has hired Mary Cullinan as its new president, effective Aug. 1. Cullinan has served as president of Southern Oregon University, in Ashland, Ore., since 2006 and has 34 years of higher education
Read More

New York firm buys Coldwater Creek brand

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June 10, 2014
Linn Parish
An affiliate of Sycamore Partners, a New York-based private-equity firm that owns Aeropostale, Hot Topic, Talbots, and a number of other retail chains, announced that it has acquired the Coldwater Creek brand and related intellectual property. Sycam
Read More

Red Lion Hotels sells two properties

Both new owners sign franchise agreement with the company
June 9, 2014
Staff Report
Red Lion Hotels Corp., of Spokane, announced this morning it has sold two properties, the Red Lion Hotel Columbia Center, in Kennewick, Wash., and the Red Lion Hotel Canyon Springs, in Twin Falls, Idaho. In both transactions, the new owners have signed
Read More

Business acumen an asset to council

-
June 5, 2014
Staff Report
Spokane City Councilman Steve Salvatori will step down next month to pursue business interests out of state, and his colleagues on the council should look for a successor who brings to the office a skill set that's similar to the one he has exhibited.
Read More

Elmer erecting structure for Kootenai County offices

$1.5 million Cd'A project to wrap up by late August
June 5, 2014
Judith Spitzer
J.W. Elmer Construction Co., of Spokane, has started work on a Kootenai County Ancillary Services Building project at 331 W. Garden in Coeur d'Alene that includes erecting a 10,000-square-foot, one-story building. Construction on the $1.5 million pro
Read More

Acme rehabs I-90 section through Snoqualmie Pass

Contractor plans to finish $6.4 million job in August
June 5, 2014
Katie Ross
Acme Concrete Paving Inc., of Spokane, has begun a $6.4 million repaving project on a section of Interstate 90 that runs through Snoqualmie Pass, in western Washington, says company President Robert Seghetti. The project, which began in mid-May and is s
Read More
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